Share price
₹9.44 latest close · −9.8% over the last 90 sessions
₹9.44 month-end · −26.3% over 12 months
₹9.44 month-end · −51.7% over 3 years
₹9.44 month-end · +131.9% since Jan '19
52-week range ₹7.64 to ₹14.93 · 1-year volatility 41.1%
Was the rally earned?
Earnings helped, the multiple did not.
- Per-share earnings added 12 points, but investors now pay less per rupee of profit (P/E 26.7x to 17.2x), which took 38 points back.
- The share count barely moved.
Earnings helped, the multiple did not.
- Per-share earnings added 48 points, but investors now pay less per rupee of profit (P/E 69.8x to 17.2x), which took 100 points back.
- The share count rose 3%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Not shown for 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-80.8% (2019-01 peak to 2020-03 low, recovered 2021-11)
-74.8% (2022-01 peak to 2022-06 low, recovered 2024-01)
-74.3% (2024-02 peak to 2026-10 low, not yet recovered)
Most recent volume spikes
2026-10-30: 8.1x the 50-day median, price +7.7% that day
2026-09-09: 25.2x the 50-day median, price +4.4% that day
Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).
Is it expensive against its own past and its peers?
Usual range 9.2x to 68.0x since 2019-01.
37% below the Utilities median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Utilities peers?
Each cell is the company's percentile rank among its Utilities peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE33rdflat vs a year ago
- Op. margin89thflat vs a year ago
- Revenue growth22nd▼ 30 pts vs a year ago
- EPS growth67th▼ 19 pts vs a year ago
- Debt/equity ↓63rd▲ 6 pts vs a year ago
- Cash cycle ↓25thflat vs a year ago
- P/E ↓63rd▲ 13 pts vs a year ago
- 12M momentum33rd▲ 11 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Utilities sector page Watch it move against Utilities in the Observatory
What is the price implying?
At a P/E of 26.0x, the price would imply about 18.3%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Utilities The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹9.44
- P/E
- 17.2x
- ROCE
- 7.0%
- Market Cap
- ₹1107 cr
- Revenue (TTM)
- ₹287 cr
- P/S
- 3.9x
- P/B
- 1.0x
- ROE
- 5.6%
- Operating Margin
- 68.0%
- Debt / Equity
- 0.5x
- Promoter Holding
- 24.4%
- 12M Momentum
- -26.3%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance47%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 47.1%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate0%Beyond threshold
Median quarterly effective tax rate over about 2.5 years: 0.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion4.04xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 4.04x (cash from operations ₹614 cr, net profit ₹152 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow5 of 5 yrsWithin range
Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history-12 daysWithin range
Debtor days are below the median of the previous three fiscal years by 12 days (101 vs 113). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress6% of fixed assetsWithin range
Capital work-in-progress is 6% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 3 years, promoters trimmed 8.1 pts; DIIs trimmed 1.6 pts.
- The number of shareholders rose from 4.7 lakh to 8.5 lakh (+79%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like ORIENT GREEN POWER COMPANY LIM today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −32% to +84% vs the market, against −1% for all non-financial companies in the same months.
- The gap against the base rate (+25.6%, 80% range −2.6% to +46.2%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 11 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 29 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| GOCLCORP Process Industries |
Sep 2021 | 16x | 7% | +47% | −14% | +4% |
| RAJTV Consumer Services |
Oct 2020 | — | 3% | −23% | −31% | −37% |
| SANGHIIND Non-Energy Minerals |
Jan 2020 | 19x | 5% | −32% | −45% | −23% |
| BHANDARI Consumer Non-Durables |
Aug 2025 | — | 9% | −33% | −40% | −36% |
| RUCHINFRA Transportation |
Nov 2024 | 23x | 3% | +12% | −32% | −48% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ANANTRAJ Consumer Durables |
Jun 2020 | 15x | 1% | −24% | −42% | +178% |
| JAICORPLTD Process Industries |
Sep 2021 | 25x | 4% | +60% | −23% | +43% |
| AJMERA Finance |
May 2021 | 15x | 7% | +71% | −9% | +82% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and debt/equity. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Nov '23
- OctPriceFell 74% from the Feb 2024 peak to the Oct 2026 low.
- OctPriceVolume reached 8.1x its 50-day median on 2026-10-30; price +7.7% that day.
- SepPeer rankMoved into the top quartile of Utilities on operating margin (from the 2nd quartile).
- SepPriceVolume reached 25.2x its 50-day median on 2026-09-09; price +4.4% that day.
- JunPeer rankSlipped to the 2nd quartile of Utilities on operating margin (from the top quartile).
- AprPriceVolume reached 44.3x its 50-day median on 2026-04-28; price +13.5% that day.
- SepResultsYear-on-year EPS growth turned positive.
- SepPeer rankMoved into the top quartile of Utilities on EPS growth (from the 3rd quartile).
Show 22 earlier events
- AugPriceVolume reached 7.6x its 50-day median on 2025-08-18; price +8.4% that day.
- JulSharesShare count is up 19.6% over 12 months.
- JunPeer rankMoved into the top quartile of Utilities on operating margin (from the 2nd quartile).
- JunPriceVolume reached 9.2x its 50-day median on 2025-06-10; price +4.3% that day.
- MarPromoterPromoter holding fell 2.5 pts to 24.4% (largest drop since 2024-12).
- MarPeer rankSlipped to the 2nd quartile of Utilities on operating margin (from the top quartile).
- MarPriceVolume reached 8.7x its 50-day median on 2025-03-21; price +6.5% that day.
- FebDebtDebt / equity halved over 12 months to 0.96x.
- DecPromoterPromoter holding fell 2.5 pts to 26.9% (largest drop since 2024-03).
- DecResultsYear-on-year EPS growth turned negative.
- DecValuationP/E crossed above the 90th percentile of its own history to date (73.8x).
- DecPeer rankSlipped to the bottom quartile of Utilities on EPS growth (from the 3rd quartile).
- AugPriceVolume reached 7.7x its 50-day median on 2024-08-07; price +9.6% that day.
- JulDebtDebt / equity halved over 12 months to 0.96x.
- JunResultsYear-on-year EPS growth turned positive.
- JunDebtDebt / equity fell below 1.0x (0.96x).
- JunSharesShare count is up 30.6% over 12 months.
- AprValuationP/E crossed above the 90th percentile of its own history to date (68.9x).
- MarPromoterPromoter holding fell 3.1 pts to 29.4%.
- FebPriceVolume reached 6.8x its 50-day median on 2024-02-15; price -4.7% that day.
- JanPriceRegained the 2022-01 peak, 19 months after the low.
- NovPriceVolume reached 24.6x its 50-day median on 2023-11-20; price +4.5% that day.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 17.2x | ₹287 cr | 5.6% | 7.0% | 0.5x |
| 2026-10 | 16.3x | ₹287 cr | 5.6% | 7.0% | 0.5x |
| 2026-09 | 16.1x | ₹287 cr | 5.6% | 7.0% | 0.5x |
| 2026-08 | 15.3x | ₹293 cr | 6.0% | 7.0% | 0.5x |
| 2026-07 | 16.6x | ₹293 cr | 6.0% | 7.0% | 0.5x |
| 2026-06 | 17.4x | ₹293 cr | 6.0% | 7.0% | 0.5x |
| 2026-05 | 18.9x | ₹296 cr | 6.6% | 7.0% | 0.5x |
| 2026-04 | 20.6x | ₹296 cr | 6.6% | 7.0% | 0.5x |
| 2026-03 | 13.2x | ₹296 cr | 6.6% | 7.0% | 0.5x |
| 2026-02 | 16.4x | ₹295 cr | 6.5% | 7.0% | 0.5x |
| 2026-01 | 17.3x | ₹295 cr | 6.5% | 7.0% | 0.5x |
| 2025-12 | 19.2x | ₹295 cr | 6.5% | 7.0% | 0.5x |
| 2025-11 | 26.7x | ₹285 cr | 5.2% | 7.0% | 0.5x |
| 2025-10 | 29.3x | ₹285 cr | 5.2% | 7.0% | 0.5x |
| 2025-09 | 26.7x | ₹285 cr | 5.2% | 7.0% | 0.5x |
| 2025-08 | 47.0x | ₹261 cr | 3.1% | 7.0% | 0.5x |
| 2025-07 | 48.4x | ₹261 cr | 3.1% | 7.0% | 0.5x |
| 2025-06 | 50.1x | ₹261 cr | 3.1% | 7.0% | 0.5x |
| 2025-05 | 62.1x | ₹255 cr | 3.1% | 7.0% | 1.0x |
| 2025-04 | 58.0x | ₹255 cr | 3.1% | 7.0% | 1.0x |
| 2025-03 | 56.0x | ₹255 cr | 3.1% | 7.0% | 1.0x |
| 2025-02 | 52.1x | ₹254 cr | 3.2% | 7.0% | 1.0x |
| 2025-01 | 67.7x | ₹254 cr | 3.2% | 7.0% | 1.0x |
| 2024-12 | 73.8x | ₹254 cr | 3.2% | 7.0% | 1.0x |
| 2024-11 | 58.5x | ₹255 cr | 4.3% | 7.0% | 1.0x |
| 2024-10 | 63.4x | ₹255 cr | 4.3% | 7.0% | 1.0x |
| 2024-09 | 68.3x | ₹255 cr | 4.3% | 7.0% | 1.0x |
| 2024-08 | 66.9x | ₹271 cr | 4.6% | 7.0% | 1.0x |
| 2024-07 | 65.8x | ₹271 cr | 4.6% | 7.0% | 1.0x |
| 2024-06 | 60.4x | ₹271 cr | 4.6% | 7.0% | 1.0x |
| 2024-05 | 65.0x | ₹258 cr | 6.1% | 7.0% | 2.1x |
| 2024-04 | 68.9x | ₹258 cr | 6.1% | 7.0% | 2.1x |
| 2024-03 | 61.8x | ₹258 cr | 6.1% | 7.0% | 2.1x |
| 2024-02 | 75.7x | ₹258 cr | 6.1% | 7.0% | 2.1x |
| 2024-01 | 85.5x | ₹258 cr | 6.1% | 7.0% | 2.1x |
| 2023-12 | 72.1x | ₹258 cr | 6.1% | 7.0% | 2.1x |
| 2023-11 | 69.8x | ₹258 cr | 6.1% | 7.0% | 2.1x |
| 2023-10 | 43.5x | ₹258 cr | 6.1% | 7.0% | 2.1x |
| 2023-09 | 42.8x | ₹258 cr | 6.1% | 7.0% | 2.1x |
| 2023-08 | 46.3x | ₹258 cr | 6.1% | 7.0% | 2.1x |
| 2023-07 | 43.3x | ₹258 cr | 6.1% | 7.0% | 2.1x |
| 2023-06 | 34.2x | ₹258 cr | 6.1% | 7.0% | 2.1x |
| 2023-05 | 25.8x | ₹311 cr | 7.1% | 8.0% | 2.5x |
| 2023-04 | 25.1x | ₹311 cr | 7.1% | 8.0% | 2.5x |
| 2023-03 | 25.8x | ₹311 cr | 7.1% | 8.0% | 2.5x |
| 2023-02 | 24.5x | ₹311 cr | 7.1% | 8.0% | 2.5x |
| 2023-01 | 28.4x | ₹311 cr | 7.1% | 8.0% | 2.5x |
| 2022-12 | 30.7x | ₹311 cr | 7.1% | 8.0% | 2.5x |
| 2022-11 | 24.2x | ₹311 cr | 7.1% | 8.0% | 2.5x |
| 2022-10 | 23.3x | ₹311 cr | 7.1% | 8.0% | 2.5x |
| 2022-09 | 23.8x | ₹311 cr | 7.1% | 8.0% | 2.5x |
| 2022-08 | 25.6x | ₹311 cr | 7.1% | 8.0% | 2.5x |
| 2022-07 | 27.5x | ₹311 cr | 7.1% | 8.0% | 2.5x |
| 2022-06 | 25.6x | ₹311 cr | 7.1% | 8.0% | 2.5x |
| 2022-05 | — | ₹257 cr | -12.0% | 4.0% | 2.9x |
| 2022-04 | — | ₹257 cr | -12.0% | 4.0% | 2.9x |
| 2022-03 | — | ₹257 cr | -12.0% | 4.0% | 2.9x |
| 2022-02 | — | ₹257 cr | -12.0% | 4.0% | 2.9x |
| 2022-01 | — | ₹257 cr | -12.0% | 4.0% | 2.9x |
| 2021-12 | — | ₹257 cr | -12.0% | 4.0% | 2.9x |
| 2021-11 | — | ₹257 cr | -12.0% | 4.0% | 2.9x |
| 2021-10 | — | ₹257 cr | -12.0% | 4.0% | 2.9x |
| 2021-09 | — | ₹257 cr | -12.0% | 4.0% | 2.9x |
| 2021-08 | — | ₹257 cr | -12.0% | 4.0% | 2.9x |
| 2021-07 | — | ₹257 cr | -12.0% | 4.0% | 2.9x |
| 2021-06 | — | ₹257 cr | -12.0% | 4.0% | 2.9x |
| 2021-05 | 10.2x | ₹369 cr | 3.8% | 10.0% | 2.6x |
| 2021-04 | 8.6x | ₹369 cr | 3.8% | 10.0% | 2.6x |
| 2021-03 | 9.0x | ₹369 cr | 3.8% | 10.0% | 2.6x |
| 2021-02 | 9.0x | ₹369 cr | 3.8% | 10.0% | 2.6x |
| 2021-01 | 11.3x | ₹369 cr | 3.8% | 10.0% | 2.6x |
| 2020-12 | 10.4x | ₹369 cr | 3.8% | 10.0% | 2.6x |
| 2020-11 | 9.3x | ₹369 cr | 3.8% | 10.0% | 2.6x |
| 2020-10 | 8.3x | ₹369 cr | 3.8% | 10.0% | 2.6x |
| 2020-09 | 7.7x | ₹369 cr | 3.8% | 10.0% | 2.6x |
| 2020-08 | 8.8x | ₹369 cr | 3.8% | 10.0% | 2.6x |
| 2020-07 | 9.3x | ₹369 cr | 3.8% | 10.0% | 2.6x |
| 2020-06 | 11.6x | ₹369 cr | 3.8% | 10.0% | 2.6x |
| 2020-05 | — | ₹323 cr | -9.5% | 7.0% | 3.0x |
| 2020-04 | — | ₹323 cr | -9.5% | 7.0% | 3.0x |
| 2020-03 | — | ₹323 cr | -9.5% | 7.0% | 3.0x |
| 2020-02 | — | ₹323 cr | -9.5% | 7.0% | 3.0x |
| 2020-01 | — | ₹323 cr | -9.5% | 7.0% | 3.0x |
| 2019-12 | — | ₹323 cr | -9.5% | 7.0% | 3.0x |
| 2019-11 | — | ₹323 cr | -9.5% | 7.0% | 3.0x |
| 2019-10 | — | ₹323 cr | -9.5% | 7.0% | 3.0x |
| 2019-09 | — | ₹323 cr | -9.5% | 7.0% | 3.0x |
| 2019-08 | — | ₹323 cr | -9.5% | 7.0% | 3.0x |
| 2019-07 | — | ₹323 cr | -9.5% | 7.0% | 3.0x |
| 2019-06 | — | ₹323 cr | -9.5% | 7.0% | 3.0x |
| 2019-05 | — | ₹357 cr | -12.8% | 6.0% | 3.0x |
| 2019-04 | — | ₹357 cr | -12.8% | 6.0% | 3.0x |
| 2019-03 | — | ₹357 cr | -12.8% | 6.0% | 3.0x |
| 2019-02 | — | ₹357 cr | -12.8% | 6.0% | 3.0x |
| 2019-01 | — | ₹357 cr | -12.8% | 6.0% | 3.0x |